US EditionUK Freezes £25 Billion in Russian Assets Since Ukraine Invasion
- A bipartisan group of U.S. senators is urging the Trump administration to transfer over $300 billion in frozen Russian assets to Ukraine instead of limiting aid, according to a letter to Secretary of State Marco Rubio.
- Senators Todd Young, Lindsey Graham, Richard Blumenthal, and Tim Kaine signed the letter, highlighting a rare instance of Republicans calling for a tougher stance on Russia.
- The U.S. and allies have frozen an estimated $300-350 billion in Russian sovereign assets following Russia's invasion of Ukraine, but are only using interest earnings for aid due to legal concerns.
- Since Russia's 2022 invasion, the U.S. and allies have frozen approximately $300-350 billion in Russian assets, primarily in European banks, with current aid limited to interest earnings.
45 Articles
45 Articles
US senators push Trump administration to seize Russian assets for Ukraine, Reuters reports
In a letter to Secretary of State Marco Rubio seen by Reuters on March 24, senators questioned the administration’s willingness to use all available financial tools to pressure Russia into ending its war against Ukraine.
US Senators Push for $300 Billion in Seized Russian Assets to Help Ukraine
A group of Republican and Democratic US senators called on President Donald Trump’s administration to transfer over $300 billion in seized Russian assets to Ukraine, instead of only using the interest from these assets to support Kyiv, Reuters reported on March 24. The senators, including Republicans Todd Young and Lindsey Graham and Democrats Richard Blumenthal and Tim Kaine, outlined their concerns in a letter to Secretary of State Marco Rubio…
Britain confirms £22.7bn in Russian assets frozen
The UK government has confirmed that £22.7 billion in Russian assets have been frozen under sanctions imposed in response to Russia’s invasion of Ukraine but has stated that it does not maintain a public list of Russian nationals with significant assets in the UK, according to responses to written parliamentary questions. Lord Swire, a Conservative life peer, asked the Foreign, Commonwealth & Development Office (FCDO) whether the government woul…
The British government has frozen Russian assets worth around 25 billion pounds (29.8 billion euros) since the start of the war in Ukraine in February 2022, official data released on Friday showed, AFP and DPA reported.
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